Three Building Residential Property with Shop
This one-of-a-kind portfolio offers a unique blend of industrial and residential opportunities. Featuring three properties with shared yard space, there’s ample room for RVs, boats, and more. Two properties are residential studios with lofts, ideal for living or creative use. The third property is a wood shop built for light manufacturing. Please note that the residential properties are occupied, and ample notice is required to show the full property. This versatile setup makes it a perfect investment for live/work arrangements, small business operations, or mixed-use redevelopment.
1470 20th St, Sarasota, FL
Lot Size: 9, 233 SF
Building Size: 1, 800 SF
Open studio with loft area
Full kitchen and bathroom
Overhead door and French glass doors leading to outdoor space with overhang
1480 20th St, Sarasota, FL
Lot Size: 6, 727 SF
Building Size: 3, 180 SF
Designed as a wood shop for light manufacturing
Two overhead doors
Abundant storage space
Full bathroom
1490 20th St, Sarasota, FL
Lot Size: 7, 543 SF
Building Size: 3, 120 SF
Large studio with loft, full bathroom, and kitchen
Rear workshop with overhead door
Occupied residence
Price Options:
$1. 9M with all FF&E (Furniture, Fixtures, and Equipment)
$1. 8M Vacant
Take advantage of this rare opportunity to own a portfolio with exceptional flexibility and potential.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,900,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,520,000 | $1,520,000 | $1,520,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.750% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.239% | 6.849% | 7.037% |
Monthly Tax Payment | $617 | $617 | $617 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,241 | $9,859 | $13,556 |
Total Monthly Payment | $10,983 | $10,601 | $14,298 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.